Individuals
Businesses
Company
Intelligence
News
African Capital Markets
EnglishEnglish
share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram

Ghana Plans New Refineries, Petrochemical Plants to Cut Fuel Imports

Daba Finance/Ghana Plans New Refineries, Petrochemical Plants to Cut Fuel Imports
AFRICAN BUSINESS AND ECONOMYApril 22, 2025 at 8:52 PM UTC

TLDR

  • Ghana has announced plans to build three oil refineries and five petrochemical plants as part of a national strategy to reduce reliance on imported refined fuel
  • Ghana currently operates two small-capacity refineries, Tema and Sentuo, with a combined limit of 90,000 barrels per day
  • The project includes five petrochemical plants and a gas processing facility, to be managed by the new Petroleum Hub Development Corporation (PHDC)

Ghana has announced plans to build three oil refineries and five petrochemical plants as part of a national strategy to reduce reliance on imported refined fuel and position itself as a regional energy hub. The projects were unveiled during the "Investing in African Energy: Accra Investor Briefing 2025" forum.

Ghana currently operates two small-capacity refineries, Tema and Sentuo, with a combined limit of 90,000 barrels per day. The new refineries will each target a minimum of 300,000 barrels per day. A 20,000-acre site in Jomoro, Western Region, has been allocated for the development.

The government will provide basic infrastructure to support investment. The project includes five petrochemical plants and a gas processing facility, to be managed by the new Petroleum Hub Development Corporation (PHDC).

Daba is Africa's leading investment platform for private and public markets. Download here

Key Takeaways

Ghana’s planned expansion of refining and petrochemical capacity is a strategic shift. The country imports most of its refined fuel despite producing crude oil. New local processing infrastructure will allow Ghana to retain more value across the energy supply chain. The government’s push to include gas processing and petrochemical conversion into products like fertilizers, methanol, and alumina signals an intent to support domestic industries and exports. A gas processing plant with a 150 million scfd capacity is expected to supply industrial demand. By anchoring the initiative in the Western Region and promising infrastructure like roads and power, Ghana seeks to attract investors while stimulating local economic development. Oversight by PHDC aims to streamline permitting and regulation for foreign and domestic firms. With oil production plateauing, this downstream strategy is designed to diversify revenue, improve trade balances, and generate jobs across sectors tied to energy-intensive industries.

Ghana
Economy
Oil & Gas
Oil Production
Oil Refinery
Energy

Think someone else should see this?

share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram
Stay informed with our newsletters read by 25,000+ professionals worldwide
Newsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companies

Next Frontier

Stay up to date on major news and events in African markets. Delivered weekly.

Pulse54

UDeep-dives into what’s old and new in Africa’s investment landscape. Delivered twice monthly.

Events

Sign up to stay informed about our regular webinars, product launches, and exhibitions.

+25k investors have already subscribed

To invest in this opportunity and other opportunities across Africa

Download the daba finance app on your mobile through
appstore iconappstore icon
Phone Image

Take action.

Download app

Start investing in Africa’s best opportunities, including stocks, bonds, startups, venture funds, and more.

Partner with us

Unlock exciting business opportunities and growth potential.

Join Daba

Become a part of our vibrant community and enjoy exclusive benefits.

Contact us

Reach out to us for inquiries, support, or collaboration.
For Investor
StrategiesPortfolio ManagementAfrican Capital MarketsNews
Daba Pro Intelligence
For Capital Seekers
For StartupsFor Fund ManagersFor Private CompaniesFor Lenders
For Partners
Commercial BanksBroker DealersAsset ManagersInvestment BanksInvestment Advisors and ConsultantsLenders and Microfinance
Company
About UsMarket UpdatesEventsBlog and PodcastNewsletterCase StudiesAffiliate ProgramInvesting GlossaryOfficial ContactsTrust, Compliance and SecurityFrequently Asked Questions

Terms & ConditionsPrivacy Policy
EnglishEnglish

Owned by Daba Markets Inc. By using this site, you accept our Terms and Conditions and Privacy Policy. © 2024 All rights reserved. 2025 All rights reserved